Motorola Solutions Drops 4%

Motorola Solutions is down about 4% after short-seller Andrew Left of Citron Research said he expected a decline in its core business of selling “overpriced handsets.”

He said in a report that Motorola has been relying on sales to government first responders but with President Donald Trump emphasizing competition for government contracts, he believes the company is in trouble.
Left has a $45 price target for the stock, which last traded around $78.50.

By Jon Flanagan